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Multiply Group acquires 67% stake in Spanish fashion conglomerate Tendam

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Nazia BIBI KEENOO

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February 25, 2025

The Spanish fashion conglomerate Tendam has a new majority owner. Nine months after canceling its plans for an IPO in Spain, the investment vehicle of the Abu Dhabi royal family, Multiply Group, has acquired a 67% stake in the company from private equity firms CVC Capital Partners and PAI Partners. The deal values the company at over €1 billion, according to reports from the business daily Expansión.

Multiply Group acquires a 67% stake in Tendam, strengthening its presence in the global fashion market. – Tendam

The acquisition follows unsuccessful attempts to take Tendam public, as the market conditions failed to meet the expectations of CVC and PAI Partners. Both firms had been part of Tendam’s ownership since 2006, following a complex bidding war that also involved private equity firm Permira. In 2017, CVC and PAI Partners acquired Permira’s 33% stake, becoming the sole owners.

According to the same source, in addition to IPO attempts, CVC and PAI Partners had also explored other options for the company, including selling it to investors with an industrial profile or to the department store group El Corte Inglés.

Formerly known as Grupo Cortefiel, Tendam’s portfolio includes Women’secret, Springfield, Cortefiel, Pedro del Hierro, Hoss Intropia, Slowlove, High Spirits, Dash and Stars, OOTO, Milano, Fifty, and Hi&Bye. The group operates more than 1,760 points of sale across 80 countries, including standalone stores, department store corners, and franchises. It also maintains an online presence through over 33 websites.

Based on its latest financial data, Tendam recorded a 4.6% increase in sales in the first quarter of its fiscal year 2024, which ended on May 31. During the period, it reached a turnover of €253.8 million.

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Hugo unveils Hugo Forward platform to focus on design innovation

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February 26, 2025

Hugo Boss’s Hugo label has unveiled a major platform dubbed Hugo Forward, highlighting its innovative, technology-driven approach to design. 

The pieces it creates “will chart a path of transformational exploration, with the mantra: ‘You’ve got to keep moving to stay ahead of the game’.”

Its first drop arrives for SS25 and includes three tailored styles created with plant-based HeiQ AeoniQ, “a groundbreaking cellulose yarn made from wood pulp that rivals the performance properties of polyester”. 

The brand is offering a modular group of menswear suit separates, including a single-breasted blazer, casual jacket, and trousers, all in black, with the HeiQ AeoniQ and wool-blend pieces able to be worn “matched or clashed, smart or casual”. 

And “further cementing Hugo’s status as a tailoring pioneer, these are the first-ever suiting separates crafted with this fibre to go to market”. 

The company has launched an accompanying campaign and is also building excitement around the launch on social media, collaborating with content creators “who embody adaptability and authentic personal style”. 

Offline, an interactive hologram will tell the story of the campaign in the window of Hugo’s Milan store, with a “moving, talking holographic depiction” of campaign star Jean Carlo León wearing key looks. 

Globally, eye-catching window and in-store merchandising will “push the brand’s authentic, self-expressive approach to tailored dressing”.

The campaign was photographed by Dan Jackson under the creative direction of Trey Laird and his agency, Team Laird, with the focus on “flexible, infinitely adaptable suiting”. 

This full-year campaign will unfold in two chapters, the first for spring/summer and the second for autumn/winter.

In Chapter 1, Hugo “captures a youthful maverick as he navigates a series of red rooms. The styling of his sharply cut suit evolves from classic and timeless, to offbeat and inspired, combined with a snug tank top, a chunky leather boot, a boldly printed short-sleeved shirt, and tailored shorts”. 

His looks are inspired by the concept of “The Go Suit: a new, very Hugo approach to building a go-to tailored wardrobe for every aesthetic and occasion”. 

Meanwhile in womenswear, “we meet a heroine in a sleek white three-piece suit in the red rooms. The camera zooms in on the details: a bold belt, a strappy heel, the cropped cut of a vest, highlighting the adaptability of Hugo’s tailoring for all genders, and celebrating the individuality of the person inside the suit”.

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Tommy Hilfiger releases SS25 campaign with K-pop stars Stray Kids

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February 26, 2025

K-pop stars have proved themselves to be a popular pick for SS25 campaigns and PVH’s Tommy Hilfiger is part of this. It has just released its latest campaign starring K-Pop supergroup Stray Kids.

Stray Kids – Tommy Hilfiger

But Hilfiger isn’t a newcomer to the K-pop frenzy as the group actually returns for a third campaign with the brand, “fusing fashion, music and a bold sense of optimism”.

The brand said the K-pop group “showcases a fresh vision of prep style in a series of portraiture that highlights each member’s fearless individuality and the undeniable strength they share together”.

And designer Tommy Hilfiger added that: “Stray Kids have become one of the world’s most dynamic groups through their relentless drive and unique vision. Through this campaign, we wanted to give them the freedom to express themselves authentically. It’s a celebration of youthful positivity and the power of dreaming, through a red, white and blue lens.”

The images are “a celebration of Tommy Hilfiger’s lifelong love for nautical lifestyle [and] blends classic prep with bold maritime codes. Sailing influences come through in Breton and Ithaca stripes on heritage shirting, while an iconic varsity bomber is adorned with a rope logo treatment. Lightweight linen blazers and crisp, energised polos capture the spirit of life by the water, while chain-link and flag prints add a playful touch to refined silhouettes. It’s New American Prep — where Ivy League heritage meets effortless coastal style”.

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K-Way celebrates 60 years with a fashion show and exhibition honoring the poetry of everyday life

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Nazia BIBI KEENOO

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February 26, 2025

K-Way, no stranger to fashion shows but making its debut on the official Milan Fashion Week calendar, took to the catwalks to celebrate 60 years of everyday style. The brand showcased its legacy, highlighting the poetic side of daily life alongside like-minded labels and selected artists.

K-Way – Fall-Winter 2025/026 – Womenswear – Milan – ©Launchmetrics/spotlight

“We’ve been staging shows for five years now, and each year, we question whether it makes sense for a brand like ours—a brand for all people, for everyday life, that remains true to itself over time—to be part of fashion week, given that fashion is always changing,” said Lorenzo Boglione, president of the BasicNet group, which owns K-Way, in an interview with FashionNetwork.com. “Our answer is always the same: it’s worth it if we have a story to tell. This year, for our anniversary, we wanted to share our history but, more importantly, K-Way’s values, elevating them through art and celebrating the brilliance of other brands that make everyday life a little easier and happier.”

This vision led to the creation of “In Y/Our Life – The Hidden Side of Everyday Things,” a global multidisciplinary exhibition exploring the poetics of everyday life. The project highlights K-Way’s legacy alongside other iconic brands, offering a journey through archives, design, and art to showcase their cultural significance.

The diverse selection of international brands chosen by K-Way for this project includes Bic, Borotalco, Borsalino, Chupa Chups, Bialetti, Moleskine, Pongo, Polaroid, Post-it, Rollerblade and Scotch. While the artists involved with their works are Francesca Casale, Serafin Gerber, Agostino Iacurci, Koo Jeong-A, Eva Jospin, Masha Leonenko, Tomáš Libertíny, Andrea Magnani, Emiliano Ponzi, Luisa Rabbia, Leanne Shapton, Patricia Urquiola and Olimpia Zagnoli.

Described as “an in-depth cultural study that will take the public on an exciting journey, exploring the evolution of timeless brands and offering an authentic and engaging view of their cultural and commercial impact,” the exhibition “In Y/Our Life,” curated by Nova Express and Gianluigi Ricuperati, opened on Feb. 25 at the Museo della Permanente in Milan, where it will remain for the duration of Fashion Week. In the following months, it will continue its journey at some of the most significant art events on the global cultural scene: Photo London in May, Frieze Seoul in September, and Art Basel Paris in October.

K-Way, a glimpse of the exhibition

“In Y/Our Life” is divided into three sections. The first, “Happy When It Rains,” celebrates K-Way’s 60th anniversary. It presents a journey through the brand’s historical archive, where original objects and iconic pieces recount decades of innovation and change, from the first raincoats to more recent evolutions.

The second section, “Everyday Icons,” explores the archives of partner brands, showcasing prototypes, advertisements, historical objects, videos, and tangible evidence of their creativity.

The third section, also titled “In Y/Our Life,” is the heart of the project. Through works, installations, inventions, and stories inspired by the values and DNA of these iconic brands, 13 artists from around the world reinterpret the hidden side of everyday life, offering a fresh perspective on their most symbolic objects.

“To give continuity to this journey and project, the fashion show for our R&D FW25 collection will also take place at the Museo della Permanente and will feature an installation on the runway by one of the artists involved in the exhibition, Agostino Iacurci,” Boglione pointed out.

The co-ed fashion show pays homage to the brand’s roots, innovative spirit, and timeless icon: the Le Vrai rain jacket, first introduced in 1965, serves as the primary inspiration for the entire collection.

K-Way – Fall-Winter 2025/026 – Womenswear – Milan – E.P. FNW

An offering that primarily focuses on K-Way’s signature three-layer nylon fabric, with layering techniques that complete the look while keeping padding to a minimum. The pocket, traditionally placed inside the jacket, is now moved to the exterior, while the iconic white zipper is reimagined in black.

One standout piece is the cape, designed to be worn over the jacket or as an additional sleeve. For AW 2025, K-Way slightly diverges from its unisex approach by introducing designs with nylon paired with wool or satin for a more feminine touch.

The collection’s color palette features burgundy, orange, lime, blue-black, and bluette, with the latter shades lending a more masculine aesthetic to select garments.

But K-Way’s AW 2025 collection extends beyond outerwear, featuring soft knitwear, wool and nylon skirts that create striking textural contrasts, elegantly tailored cargo pants, and Scuba dresses.

Completing the lineup is a capsule collection in collaboration with Parisian brand Cahu, introducing PVC bags and designs crafted in Le Vrai 4.0 nylon.

Copyright © 2025 FashionNetwork.com All rights reserved.



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